Pearson PLC (LSE: PSON)

Pearson PLC is an FTSE 100 index listed entity that offers a range of education services, test development, processing, and scoring services.

Financial Highlights (for the year ended 31 December 2022, released on 3 March 2023)

• Profitable Growth: FY22 reported an underlying sales and operating profit growth of 5% and 11% YoY, respectively. It reflected the benefit of the new Workforce Skills talent investment platform, portfolio changes, and property cost savings.
• Shareholders’ Return:
  • It proposed a final dividend of 14.9 pence in FY22 (FY21: 14.2 pence), equating to a full year dividend of 21.5 pence (FY21:20.5 pence).
  • Completed the £350 million share buyback with a total of 42.3 million shares repurchased in 2022.
• Acquisition: To supplement the growth strategy across the Pearson ecosystem, the Group conducted the acquisition of Mondly, Credly and PDRI.   
• Guidance:         
  • In FY23, double-digits revenue growth is expected in Workforce Skills with margin improvement.
  • From FY22 to FY25, PSON expects to achieve mid-single digit underlying revenue 3-year CAGR. It expects margins to be mid-teens in the near term.

Share Price Chart

(Data Source: REFINITIV, Analysis done by Kalkine Group)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Pearson PLC was trading at the closing price of GBX 888.00 (as of 3 March 2023).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 3 March 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

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